Question 3 11. Basic inventory data for April 30 are presented below for a business that employs the lower of cost or market basis of inventory valuation Total Lower of CarM Commodity Quantity CA Marka Unit Unit Cost Market Price Price S52 S55 155 150 8285 58 (a) Complete the table (b) Determine the amount of reduction in the inventory at April 30 attributable to market decline Question 4 15. Beginning inventory, purchases and sales data for tennis rackets are as follows: 545 S47 Apr 3 11 14 21 25 Inventory Purchase Sale Purchase Sale | 12 units 13 units 18 units 9 units 10 units a $60 Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using FIFO. Calculate FIFO, LIFO and Average Cost 100% Page 3 of 3 16 words 302 PM 401 4 ENG 3/25/2020 BANG LOL backspace